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Honeybee Cottage: A Charming Summer Retreat. Relax and unwind in this adorable and tranquil tiny home (approximately 480 sq ft), perfectly situated on a quiet dead-end country lane overlooking a peaceful meadow of an abutting farm. Despite its serene setting, the cottage is within walking distance to a quaint New England main street and nearby bike path. Ideally located for summer living, the property is just 10 15 minutes from several beautiful beaches, a 20-minute drive to Newport, and approximately 10 minutes to the Block Island ferry. The newly renovated Honeybee Cottage is a charming and thoughtfully designed guest house, ideal for a romantic getaway or solo retreat. The bright attic bedroom features a comfortable queen-sized bed with quality linens. The cottage offers a well-equipped kitchen with stove, oven, microwave, toaster, Keurig, and French press, along with a compact washer and dryer. Wood floors run throughout, and the cozy living area opens to a private deck and fenced yard perfect for morning coffee or evening relaxation. The cottage has its own driveway and private fenced yard and is located next to the owner's home. Please note: access to the attic bedroom is via a narrow, steep staircase with railing and may not be suitable for those with mobility or balance concerns. Sloped attic ceilings and compact living spaces are typical of a tiny home. A truly special and peaceful summer retreat for those seeking charm, comfort, and simplicity.
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William Raveis Real Estate
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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $4,000 | $4,000 | $4,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $25 | $25 | $33 |
| Total Monthly Payment | $100 | $100 | $108 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.